INC Research Holdings Inc (NASDAQ:INCR) Investor Securities Class Action Lawsuit 12/01/2017

If you purchased a significant amount of shares of INC Research Holdings Inc (NASDAQ:INCR) between May 10, 2017, and November 9, 2017, and / or if you purchased any NASDAQ:INCR shares prior to May 2017 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: January 30, 2018. NASDAQ:INCR investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
INC Research
Case Name: 
INC Research Shareholder Class Action Lawsuit 12/01/2017
Case Status: 
Lawsuit Filed
Affected Securities
NASDAQ: INCR
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
12/01/2017
Class Period Begin: 
05/10/2017
Class Period End: 
11/09/2017
Court of Filing: 
U.S. District Court for the Southern District of New York
Deadline To File for Lead: 
01/30/2018
Summary: 

An investor in shares of INC Research Holdings Inc (NASDAQ:INCR) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by INC Research Holdings Inc in connection with certain allegedly false and misleading statements made between May 10, 2017, and November 9, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of INC Research Holdings Inc (NASDAQ:INCR) common shares between May 10, 2017, and November 9, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 10, 2017, and November 9, 2017, the Defendants failed to disclose: (1) that the Merger was not providing the benefit that Defendants stated it would; (2) that inVentiv was underperforming; (3) that, as a result, the Company’s 2017 financial performance would be negatively impacted; and (4) that, as a result of the foregoing, Defendants’ statements about INCR’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Raleigh, NC based INC Research Holdings, Inc. is a global contract research organization (CRO). INC Research Holdings Inc reported that its annual Total Revenue rose from over $1.39 billion in 2015 to over $1.61 billion in 2016 and that its Net Income declined from $117.05 million in 2015 to $112.63 million in 2016.

Shares of INC Research Holdings Inc (NASDAQ:INCR) rose to as high as $60.65 per share in June 2017.

On November 9, 2017, INC Research Holdings Inc reported its third quarter 2017 results. INC Research Holdings Inc reported a loss for the three and nine months ended September 30, 2017. INC Research Holdings Inc generated a loss from operations of $88.9 million and $43.9 million, respectively, compared to income from operations of $39.4 million and $111.6 million for the three and nine months ended September 30, 2016. INC Research Holdings Inc stated that the operating results for the three and nine months ended September 30, 2017, was impacted mainly by merger-related transaction expenses.

Shares of INC Research Holdings Inc (NASDAQ:INCR) declined to as low as $38.25 per share on November 10, 2017.